Member News

CFC Rules: A Conversation with Ukrainian firm EBS

We spoke to Iegor Sinitsyn, Partner and Head of Tax & Transfer Pricing Group at Ukrainian firm EBS, about his country’s CFC rules, which are currently undergoing some important revisions that could end up being enforced as soon as 2021. Rules governing Controlled Foreign Companies (CFCs) pertain to any foreign companies that are directly or indirectly controlled by a resident taxpayer . Every single country around the globe has its own CFC rules in place, which can make engaging in international business confusing if one is not aware of the rules applicable specifically to the region in the world their eyes are set on. “CFC rules are a mechanism allowing tax offices to identify and tax the worldwide undistributed profits of a country’s tax residents if such profit is generated through any foreign entity.… Read More

AAANZ Board Member Elected as Commodore

Sailabration The Royal Melbourne Yacht Squadron (RMYS), with a history dating back to 1870, is one of the oldest yacht clubs in Australia with a lengthy list of historical firsts. Most major championships have been held off its shores, with the Squadron being the control centre for the 1956 Melbourne Olympic yachting events, as well as the 1999 Laser World Championships. At the recently held Annual General Meeting, Greg Marino (Founding Partner of Banks Group and Australasian representative on the AAANZ board of Integra International) was elected as the Commodore of RMYS. Greg won a hotly contested election with a resounding victory announced at the July AGM. Moving from Vice Commodore to the helm of RMYS, Greg has the mandate to progress the building master plan which will see major improvements to the clubhouse and onshore facilities.… Read More